What if you could see into $tsla future? $TSLA The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. In this monthly chart of TESLA, there was a bearish wolfe wave that started developing on November 1,2021. Last year, tesla was a very popular ticker to trade due to it's beta relationship with the market index. Moreover, hundreds if not thousands of new youtubers or existing tesla followers started covering tesla as if they actually owned or worked at the company. Even to this day, as tesla trades -58% from it's high, we continue to witness irrational exuberance in the tesla stock with recommendations of dollar cost averaging ideas floating around and long term price targets upwards of $3500 to $10,000?? Wolfe waves are great in detecting when a stock enters in bull or bear markets. It removes irrational exuberance and allows the trader to focus price and volume which are the main ingredients in determining momentum. And until the stock price reclaims at least the 6 month moving average, the price of the tsla stock will continue to sell into strength and eventually fill all the gaps it left open back in 2021 and 2020. As tesla continues to sell off and extend lower, there will be intra-day opportunities for option traders to position into long calls as shorts cover. At this point, strong volume and price action induced by positive news reports is the only thing that will get tesla out of this bear market.
Tslaanalysis
TSLA Bearish Wolfe Wave lower time frame Wolfe waves are great because they help traders identify profit targets with respect to entry. They are especially useful when there is binary event such as earnings, cpi or ppi. Last week, I posted a bullish daily entry for tsla for an over the weekend tgif trade. Although TSLA dipped on monday, we were still able to buy the dip and offset some losses from Friday's entry. Post PPI, TSLA gapped approx 3% and rallied another 2% tuesday morning. Typically gaps contrarian in nature, they are bearish/bullish depending on the direction of the gap . Gaps introduce another variable which can counter trend any trade idea sooner than later. Tuesday's price action for TSLA was generally weak with respect to other tech names. Moreover, there is a bearish 78 min wolve wave + 78 ttm squeeze that has just triggered with a projected target of 175. Bullish or bearish waves on daily time frames can produce giant returns; however, the trader should take into consideration other macro events such as economic data, fed speakers , earnings and the worst of them all Jerome Powell FOMC. If the bearish wolfe wave does fails to move tsla price stock lower to 180 to 175, then the setup will likely turn into a short squeeze where the horizontal line representing the bearish stop loss will be the breakout level target.
TSLA Daily Wolfe Wave Setup and entrySimilar to SNOW, there is a daily wolfe wave setup that triggered on November 11 on the day of CPI . The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. The apex of the wolfe wave extends out to 2023 but in the short term expect TSLA to move more than 10% before November 15 for a quick move to the 21 day ma.
Tesla Analysis 15.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on Tesla.
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
I will personally reply to every single comment.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
Short term to long term entry on TSLA we LoadedThere is a 78min wolfe wave setup that triggered on today Nov 8. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 234 which is expected to reach this price target within 3 to 9 days. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. Using the customizable gap finder indicator there are sets of gaps along the way so these gaps will be levels to take and manage profits. Dec 16 220C locked and loaded with 190 contracts.
TSLA: Crashing! Is there any hope for it?• TSLA is in a bear trend, and it lost the previous support level at $198 (daily chart);
• The volume is quite high, and today, TSLA is doing another gap (yellow square);
• Since the trend is bearish, and it lost the previous support level, in theory, TSLA is heading to the $179, our next support level as seen in the weekly chart (red line);
• The $179 is a key support from March 2021;
• There’s not a single bullish sign indicating that we found a bottom or that we’ll reverse from here – at least not right now;
• If TSLA fills the last gap today or tomorrow, it will be an Exhaustion Gap, and this might indicate a bounce to higher levels, but again, we lack bullish evidence at the moment;
• For now, let’s focus on the $179, on the last gap, and on how TSLA will close today.
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Strong Sell Signal On Tesla For Swing TradingI analyze on daily and weekly chart. Here are the list of indicators that Tesla is going down:
1. 100 SMA and 25 SMA crossover on weekly timeframe. SMA crossover is the first indicator I look for because it is the first indicator to show up.
2. Support line is being break by today's candle from the consolidation in the past month and the support from past few months. You can see my support line in color white in my chart.
3. -DI is above the ADX and the +DI is below the ADX which means it is very bearish. The slope of the ADX also counts. The higher the slope, the stronger the signal.
I'm currently looking for 130-150 for possible support. My first signal to close the position is when the -DI goes under the ADX but I will still wait for further indicators of reversal before taking profit.
📈⚡TSLA is in Buying situation!!! TSLA is in Buying situation!!!
It is searching for its previous resistance (SURELY), 80% of Probability.
And it is searching for the previous resistance (MAYBE).
The Market will show us in next days what will be happening.
So we have now at least an easy money to earn by buying now at 222.03 and taking profit at 257.10
We-are-making-money-TSLA
10/16/22 TSLATesla, Inc. ( NASDAQ:TSLA )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: $642.33B
Current Price: $204.99
Breakdown price: $207.50
Sell Zone (Top/Bottom Range): $211.25-$255.00
Price Target: $182.80-$186.00 (1st), $83.80-$78.40 (2nd)
Estimated Duration to Target: 14-17d (1st), 123-129d (2nd)
Contract of Interest: $TSLA 11/18/22 200p, 2/17/23 180p
Trade price as of publish date: $16.05/contract, $20.10/contract
TSLA - Triple top formed 15 % drop (NEW)The price formed a triple top pattern.
How to trade:
- enter short only if /when the price breaks the neckline (support) with the volume increase.
- target and stop loss are shown in the chart
Last daily candle shows that sellers are still in control and more downside is likely.
Macro is bearish overall, nothing changed.
Good luck
TSLA oversold and ready for Bounce This could be an infamous dead cat bounce but if history rhymes then we should see everyone start talking about TSLA towards earnings and media coverage means meme stock action that defies fundamentals.
Bears are in a lot of profit and market makers may be ready pull it up towards the longer term MAs real quick to screw both calls and puts expiring this week.
"Bespoke Investment Group took at look at prior periods when Tesla stock fell more than 20% over a seven-day stretch. It found 23 instances since 2010 and found that big declines are a set up for big gains.
Tesla stock typically rises about 37%, 84%, and 238% over the next month, three months, and six months, respectively, after a the rapid 20%-plus drop."
HOOD double top 22 % drop possibleHOOD price is forming a double top pattern.
How to trade:
- enter short only if / when the price breaks below the neckline
- Volume surge on the breakout point will be a confirmation for a real breakout
- stop loss and target shown in the chart
Fundamentals:
- Macro remains bearish overall.
- DXY still strong.
- More downside expected in the stock and crypto markets
Good luck
TSLA EASY SCALPING IDEA (little risky) $$$TSLA is oversold on the RSI, and we may see a lot of buying pressure this week to close the gap we made today. Looking at previous RSI bounces, we bounced off levels 29-30 twice recently, so it is possible we bounce back when the RSI reaches around 29 - 30. Please keep in mind that my outlook on TSLA remains bearish, but it is more likely that we may see bullish price action in the short term
TSLA INCOMING BLOODBATH $$$As I said in my prior analysis, breaking this main support will be quite negative for TSLA, but this week we ended up finishing just below the key support that had been holding TSLA for so long, but now that we have broken it. Expect a bearish October in which we will test the next levels of support shown on the chart.
TSLA BULLISH AND BEARISH CASE SCENARIO $$$I've highlighted the critical support and resistance levels, where we see more volatility and volume. If we are able to break through that resistance, we will see bullish price action, and if we retest and see a pullback, we will see bearish price action. In both cases, you can use the support and resistance to your advantage.
Elon short because he said not to?What you see here is TSLA in somewhat of a range after repeatedly failing to create a higher high on larger timeframes. Look out for the retest of 280/281 for another small drop with potential of a larger drop. Although I am confident in the short term drop of tesla I do not believe that a bull run starting between 260 and 266 is impossible due to the volume of buyers previously interested at those levels, only time will tell.